Indiana Statutes
§ 5-1-5-7 — Safekeeping and application of bond proceeds
Indiana § 5-1-5-7
JurisdictionIndiana
Title 5STATE AND LOCAL ADMINISTRATION
Art. 1BONDS AND OTHER OBLIGATIONS
Ch. 5Refunding Bonds Generally
This text of Indiana § 5-1-5-7 (Safekeeping and application of bond proceeds) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Ind. Code § 5-1-5-7 (2026).
Text
The governing body may contract with respect to
the safekeeping and application of the advance refunding bond
proceeds and other funds included therewith and the income therefrom.
The governing body may provide in the refunding plan that until such
moneys are required to redeem or retire revenue bonds to be refunded,
the refunding bond proceeds and other available funds, and the income
therefrom shall be used to pay and secure the payment of the principal
of and interest on the advance refunding bonds. The governing body
may additionally pledge for the payment of such refunding bonds any
revenues which might legally be pledged for the payment of revenue
bonds of the issuer of the type being refunded. Provisions must be
made by the governing body for moneys sufficient in amount to
accomplis
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Nearby Sections
15
§ 5-1-1-1
Validation§ 5-1-1-2
Repealed§ 5-1-10-1
Issuance; purpose; restrictions§ 5-1-11-7
Restrictions on powers§ 5-1-11.5-1
"ADM"§ 5-1-11.5-2
"Bonds"§ 5-1-11.5-3
Application to certain school corporations§ 5-1-12-1
"Municipal corporation" definedCite This Page — Counsel Stack
Bluebook (online)
Indiana § 5-1-5-7, Counsel Stack Legal Research, https://law.counselstack.com/statute/in/5-1-5-7.